Praj Industries Ltd

Bio-IBA India collaboration

• Praj Industries and Gevo sign Development & Commercialization Agreement for Bio-IBA in India.
• Praj will lead India commercialization with exclusive rights to deploy Bio-IBA technology.
• Praj establishing India's first commercial Bio-IBA demonstration plant for a leading Oil Marketing Company.
• Demonstration plant designed, engineered, supplied and erected by Praj using Gevo's technology.
• Bio-IBA aims to reduce diesel carbon intensity and accelerate India's energy transition.
• PPAC data notes India's high-speed diesel consumption at 94.7 million tonnes in FY2025-26.

Meeting Details

• Date: 2 September 2026
• Event: Ashwamedh-Elara India Dialogue 2026 investor conference
• Venue: Grand Hyatt, Santacruz, Mumbai
• Mode/Type: in-person group investor conference

Participants

• Company: Praj Industries Limited
• Key company participant: Company Secretary & Compliance Officer

Purpose

• Participation in investor conference; no UPSI to be discussed

Meeting Details

• Date: August 14, 2026; Time: not disclosed
• Type/Mode: Group earnings conference call; Virtual
• Event/Organizer: Praj Industries Q1 FY27 Earnings Call; organized by Valorem Advisors
• Recording: Conference call recorded; transcript enclosed

Participants

• Managing Director: Ashish Gaikwad
• Joint Managing Director and Chief Financial Officer: Sachin Raole

Purpose

• Discuss unaudited standalone and consolidated Q1 FY27 results
• Provide business update and host analyst Q&A

Additional Notes

• Transcript of Analysts’ Call dated August 14, 2026 enclosed

Meeting Details

• Date: 14 August 2026; time not disclosed.
• Type/Mode: Group virtual Analysts’ Call (audio recorded).
• Event/organiser: Praj Industries Limited – Analysts’ Call.

Participants

• Company management participants (roles not specified).

Purpose

• Discuss Audited financial results for quarter ended 30 June 2026.

Additional Notes

• Audio recording of Analysts’ Call is available (no link included).

Resolutions approved

• Independent Director re-appointed for three years, from 21 Aug 2026 to 20 Aug 2029, via Special Resolution.
• Approval granted by shareholders through Special Resolution.

Director appointment details

• Name: Ms. Rujuta Jagtap (Independent Director).
• Term is 3 years; not liable to retire by rotation.
• Not debarred from director office by SEBI or other authority.
• Nil inter-se relationship with KMP disclosed.
• Brief profile notes 23+ years of leadership and management experience.

AGM Details

• AGM held on 13 August 2026 via VC/OAVM.

Resolutions & Outcomes

• Resolution 1 (Ordinary): Adoption of Audited financial statements — Passed.
• Resolution 2 (Ordinary): Adoption of Audited Consolidated financial statements — Passed.
• Resolution 3 (Ordinary): Dividend of ₹3.60 per equity share declared — Passed.
• Resolution 4 (Ordinary): Retirement by rotation of a Non-Executive Director — Passed.
• Resolution 5 (Special): Appointment of Independent Director for a 3-year term — Passed.
• Resolution 6 (Ordinary): Ratification of Cost Auditor remuneration — Passed.

Dividend

• Dividend proposed/approved: ₹3.60 per equity share.

Director Changes

• Retirement by rotation of a Non-Executive Director; no vacancy filled.
• Independent Director appointed for a 3-year term.

Auditor Appointments & Remuneration

• Remuneration of Cost Auditors ratified for the financial year.

Material Related Party Transactions

• No material related-party transactions disclosed.

AGM Details

• AGM held on 13 August 2026 at 10:00 a.m. via VC/OAVM.
• Mode: Video Conferencing / Other Audio Visual Means; venue: Praj Tower, Hinjewadi, Pune.
• Cut-off date for voting: 5 August 2026.
• Remote e-voting window: 10–12 August 2026.

Key Resolutions

• Adopt standalone financial statements for year ended 31 March 2026.
• Adopt consolidated financial statements for year ended 31 March 2026.
• Declare dividend of ₹3.60 per equity share (180%).
• Retirement by rotation of Berjis Desai; no vacancy filled.
• Appoint Ms. Rujuta Jagtap as Independent Director for 2026–2029.
• Ratify remuneration of Dhananjay V. Joshi & Associates as Cost Auditors for 2027.

Voting Results

• Res 1 passed; 99.9996% in favour.
• Res 2 passed; 99.9996% in favour.
• Res 3 passed; 99.9998% in favour.
• Res 4 passed; 99.9997% in favour.
• Res 5 passed; 99.9128% in favour.
• Res 6 passed; 99.9996% in favour.

Dividend

• Dividend declared: ₹3.60 per equity share.

Director Changes & Appointments

• Ms. Rujuta Jagtap appointed Independent Director for 2026–2029.
• Berjis Desai retires by rotation; vacancy not filled.

Auditors & Remuneration

• Cost Auditors' remuneration ratified for year ending 31 March 2027.

AGM details

• Date, time and mode: 13 Aug 2026, 10:00 AM, VC/OAVM.
• Voting cut-off date: 5 Aug 2026.
• Remote e-voting window: 10–12 Aug 2026.

Key resolutions

• Resolution 1: Ordinary—Adopt standalone financial statements for year ended 31 March 2026.
• Resolution 2: Ordinary—Adopt audited consolidated financial statements for year ended 31 March 2026.
• Resolution 3: Ordinary—Declare dividend of Rs 3.60 per equity share.
• Resolution 4: Ordinary—Retire Berjis Desai by rotation; no vacancy filled.
• Resolution 5: Special—Appoint Ms. Rujuta Jagtap as Independent Director for 3 years.
• Resolution 6: Ordinary—Ratify remuneration of Dhananjay V. Joshi & Associates as Cost Auditors.

Voting results

• Resolution 1: Passed; 99.9996% in favor, 0.0004% against.
• Resolution 2: Passed; 99.9996% in favor, 0.0004% against.
• Resolution 3: Passed; 99.9998% in favor, 0.0002% against.
• Resolution 4: Passed; 99.9997% in favor, 0.0003% against.
• Resolution 5: Passed; 99.9128% in favor, 0.0872% against.
• Resolution 6: Passed; 99.9996% in favor, 0.0004% against.

Dividend details

• Dividend declared: Rs 3.60 per equity share (180% of face value).

Director changes

• Ms. Rujuta Jagtap appointed Independent Director for a 3-year term.
• Berjis Desai retires by rotation; no vacancy filled.

Auditors

• Cost Auditors remuneration ratified for FY2027; amount not disclosed.

Related party transactions

• No material related party transactions approved.

Overview

• Unaudited Q1-FY27 results presented with standalone and consolidated metrics.
• Period ended 30 June 2026; investor presentation enclosed.

Standalone highlights

• Operational income 5,392 Mn; up 5.7% YoY.
• EBITDA 204 Mn; margin 3.78%; down 27.1% YoY.
• PAT 254 Mn; margin 4.71%.
• Diluted EPS 1.38 INR.

Consolidated highlights

• Operational income 7,158 Mn; up 11.8% YoY.
• EBITDA 300 Mn; margin 4.19%.
• PAT 116 Mn; margin 1.62%.
• Diluted EPS 0.63 INR.

Backlog and orders

• Segmental order backlog at end-Q1-FY27: INR 45,890 Mn.

Key business developments

• 1G: India’s first commercial demo plant for Bio-IBA ordered.
• 1G: Greenfield Grain-to-Ethanol plant project in Brazil awarded.
• Engineering & PHS: Praj GenX signed exclusive framework with EPC for hyperscale data centers; ~INR 500 crore opportunity over 2.5 years.
• Semiconductor: Unique combined order for ultra-pure water and ZLD solutions.

AGM Details

• 40th AGM held on 13 August 2026 via VC/OAVM from 10:00 to 10:50 IST.
• Remote e-voting available 10–12 August 2026; voting during the AGM.
• Quorum reached with 114 members in attendance.

Scrutiny and Governance

• Statutory Auditor and Secretarial Auditor were present; Scrutinizer appointed for e-voting.

Proceedings and Outputs

• Chairman briefed on financial highlights and FY2025-26 developments.
• Chairman authorized declaration of voting results and disclosures to exchanges/website.
• AGM concluded at 10:50 IST.